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Scotto
New Member
USA
11 Posts |
 Posted - 03/07/2010 : 11:45:45
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Hello,
I've been reading posts on this site for some time and decided it was time to register. I would like to find out if there is a clear consensus amongst silver bugs about the most useful form of silver should the price skyrocket in the next 10-20 years.I have some silver and am looking to purchase more. I honestly believe that silver will take it's place next to the yellow metal but my time frame is probably in the next quarter century. Clearly I am very long silver but what should I own (junk silver coins, ASE's, bars with a reputable name)or doesn't matter? Thx.
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 03/07/2010 : 12:06:38
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Welcome to realcent!
By far the best forum available for those with an non-conformist mindset looking for consensus and opinions from like minds.
I am new and have little experience as many here have been knee deep in PM'S for years. But the knowledge gained has been a well accepted accelerator on my part.
From talks here and with my now regular coin and bullion dealers it has become a well accepted known to myself that the bullion is the way to go. But once bitten by the coin bug it has a tendency to pull to to other forms of the metals. All items to me that hold Pm content will bring value to at least the spot price give or take 10%.
I collect half dollars, silver dollars, ASE'S and all bullion coins. My preference to bullion coins are those that also give an aesthetically pleasing appearance with a mint known on the market. But that is personal preference. I also enjoy .999 medals as the history and sentiment they relate I find intriguing.
My theory is to stay as close to spot price in my purchase and stay away from any numismatic tendency although the poison of the collector bug has convinced me to purchase some higher grade silver dollars. Few to this date but who knows how the it will spread through my body as time goes on. Ha!Ha!
Good Luck and Welcome!
Nice Post!
I look forward to reading this thread! |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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zerocd
Penny Hoarding Member
555 Posts |
Posted - 03/07/2010 : 12:28:58
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You seem to think what most here think. Carry on.
Oh, and yes, buy the most reputable types of silver at the lowest price you can.
I think 90% US is reputable.
Considering the fake bars and rounds (and silver dollars too) out there now, stick with the known stuff and buy from reputable sources.
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 03/07/2010 : 17:26:35
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WELCOME!! 
I don't think it will matter which kind of SILVER. Go for bullion that's cheap (near spot) and the form of SILVER you like to have in your stack. At first, I would accumulate a little of everything and then see what you like the best. Different forms of SILVER go in and out of favor during long periods of time. Buy the form of SILVER that's currently out of favor (cheap premiums) because at some time or another it will be in favor again and at higher premiums.
Better yet, go out to your neighborhood bank and get some rolls, boxes, and bags and do some searching for SILVERs at face value.  Enjoy what you find in the wild.  |
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Jangles
Penny Sorter Member
31 Posts |
Posted - 03/07/2010 : 18:38:52
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| IMO have a little bit of everything and don't buy anything over 10 oz bars if you believe the price will being going "to the moon". |
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Scotto
New Member
USA
11 Posts |
Posted - 03/07/2010 : 18:42:16
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| Thank you for the input. I've been collecting some 1964 halves but I read on Youtube that (coins,bars, etc) that aren't .999 silver have to be refined at a smelting plant when melted as opposed to .999 silver which can just be melted and recast. I don't want this to be a problem for me some day when I start to unload silver. I assumed that halves would be well known as well as their 90% purity and difficulty in faking. |
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DanRiverMan
New Member
USA
4 Posts |
Posted - 03/07/2010 : 19:57:10
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Hello Scotto,
These guys here are really smart and have been dealing with pm's longer than Ive been on this earth..But my theroy is that you need a little bit of everything..I can see maybe trading a washington quarter for a gal of gas in a hyperinflation type of deal..I also know older folks in rural areas that will buy/swap/trade or whatever coinage , way before they will deal with somebody with a pamp bar, they are skeptical of shiney things.. So for me personaly I spread it out across the board, and right now ive got my truck backed up buying all the Silver I can afford..
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" No Guts , No Glory "
"A vision without an action is a dream, an action without a vision is a nightmare" |
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fb101
Administrator
USA
2856 Posts |
Posted - 03/07/2010 : 20:14:10
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| Scotto, unless you plan on dealing with a smelter directly (not likely) 90% is a nice tradeable form and most of it will likely stay in that form forever just because it's easy to trade. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 03/07/2010 : 20:24:53
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| It will all be able to be traded when needed. I just try to get a mixed and buy what is the best buy at the time. |
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Mikep2020
Penny Collector Member
USA
402 Posts |
Posted - 03/08/2010 : 07:45:21
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| I agree with others that having a little bit of everything will be most benificial. I nice mix of 90% dimes, quarters, halves, a few peace/morgans, some .999 rounds, a couple .999 10 oz bars and a few eagles and maples. A nice diversity of forms for every occasion! I like to keep everything in 10 oz or less incriments. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 03/08/2010 : 07:49:22
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Welcome to the forum, Scotto If you decide to pick up some 90% junk, don't overpay for "numismatic issues." Stick with Rosie dimes or Washington quarters, or Kennedy halves. Least premium on these. We're already starting to see mints produce overpriced fractional .999 silver rounds, if silver explodes like I expect, then fractional ounces will be more affordable to the masses than larger amounts would be. Considering that, try and stockpile junk dimes, they would be most useful in the event of TSHTF  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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JustSayNoToFiat
Penny Pincher Member
110 Posts |
Posted - 03/08/2010 : 11:15:23
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It depends on one's intended use.
Investment/store of value, Alternative currency/Medium of exchange, Utilitarian/using the properties of the metal itself?
I tend to lean more towards the second of the three uses, which you may or may not care about.
I tend to think that the metal value will outpace any numismatic value and the numismatic value is significantly less liquid. for this reason, I only own one Morgan (for the coolness factor) and won't buy ASE's. You may think differently.
With .999, I would stick to 1 oz. bars and rounds made by a known (regional or national) refiner as long as you can get a good deal vs. spot. A Christmas of 1974 commemorative round, for instance, might be less desirable than an Engelhard, all else being equal.
I'm not big on 10 oz or bigger as it is harder to make change should you need to, especially considering the point that beauanderos made. The 10 oz might become the 100 oz so to speak relative to other goods. But, the premiums tend to be lower on larger bars. My dealer does not cut a break unless I go 100+ oz bars, so I don't see a point in 10 vs. 1 oz., YMMV.
.999 has utilitarian (anti-bacterial, anti-viral) properties in disaster situations, though 90% "might" work for some of those uses as well.
As said above, 90% U.S. (assuming you are in the U.S.) junk silver coins would probably be most useful in a barter type of situation since people are most familiar with it. This would also help (to a point) when trying to liquidate it with a dealer. Pay close attention to weight, though, due to wear.
I'd hold anything else that you have, though. I got a good amount of 40% (as most of us do) and it's probably not something I'd buy, but I don't see any sense in selling it off unless I can swap for 90% or .999 with very low transaction costs. |
It's Half Time...all the time. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 03/09/2010 : 06:33:50
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everything is a tradeoff.
smaller sizes are better, but per ounce are more expensive.
higher purity is better, , but per ounce are more expensive. .925 is remarkably illiquid.
more recognizable mint is better, but per ounce are more expensive.
US govt 90% is a good value. the recognizability of the us govt brand overcomes the liquidity discount for the impurity. it also comes in very small denominations - as small .07 ounce (silver dime). |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Nickelless
Administrator
USA
5580 Posts |
Posted - 03/09/2010 : 08:07:51
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quote:
Originally posted by Lemon Thrower
everything is a tradeoff.
smaller sizes are better, but per ounce are more expensive.
higher purity is better, , but per ounce are more expensive. .925 is remarkably illiquid.
more recognizable mint is better, but per ounce are more expensive.
US govt 90% is a good value. the recognizability of the us govt brand overcomes the liquidity discount for the impurity. it also comes in very small denominations - as small .07 ounce (silver dime).
What Lemon Thrower said, especially about .925. When I first started buying Ag, I thought I was hitting a gold, er, silver mine when I was getting some great deals on sterling, but then when I went to trade it in for 90 percent Ag coins or .999, I realized that what bites you is the refining fees that dealers deduct. Stick with 90 percenters or .999.
And welcome to the board, Scotto! |
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Edited by - Nickelless on 03/09/2010 08:08:38 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 03/09/2010 : 09:02:24
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quote:
Originally posted by Nickelless
quote:
Originally posted by Lemon Thrower
everything is a tradeoff.
smaller sizes are better, but per ounce are more expensive.
higher purity is better, , but per ounce are more expensive. .925 is remarkably illiquid.
more recognizable mint is better, but per ounce are more expensive.
US govt 90% is a good value. the recognizability of the us govt brand overcomes the liquidity discount for the impurity. it also comes in very small denominations - as small .07 ounce (silver dime).
What Lemon Thrower said, especially about .925. When I first started buying Ag, I thought I was hitting a gold, er, silver mine when I was getting some great deals on sterling, but then when I went to trade it in for 90 percent Ag coins or .999, I realized that what bites you is the refining fees that dealers deduct. Stick with 90 percenters or .999.
And welcome to the board, Scotto!
I'm gonna have to be the dissenter here. 
IMHO, if the price of Ag skyrockets, and it isn't a speculative spike, but a genuine rise in value versus the dollar, myopic phobias about fineness are gonna go out the window.
I also feel the practice of buying U.S. and Cdn coins by "X" x face is also going to go by the wayside. We will be buying and trading Ag by weight. No one is going the pay the same "X" x face for slicks and AU/BU coins.
ASW will be what is important for both scenarios if the price of Ag goes through the roof and stays.
Just my 2 Canadian Cu cents.
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 03/09/2010 : 10:17:39
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Welcome!!
Something else not really talked about in any great detail revolves around sticking with what you can afford! Nothing is more upsetting that buying silver bullion at a low ball price only to be forced, due to your financial situation, to sell the silver because you need the money.
While there is a temptation to flip your silver to make a profit and hope it goes back down, in this economic situation with the printing pressing going ninety miles an hour, the prices of precious metals might not drop as much as you will hope and you will be left on the sidelines holding dollars that have less and less purchasing power daily.
Buy whatever form of silver you are comfortable with!
Regardless, be clean about the reason you are buying silver. Is it for security and protection or do you mainly see your purchases as an investment and being able to make money. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 03/10/2010 : 12:53:39
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And if the point hasn't been made....
Don't expect to 'flip' silver for a big profit in the near future.
Since you are buying for the 10-25 year term, you are probably safe. But even then, flukes could happen, like from 1980-1996 when the price against all sense went down from $20 to $5. Could it happen in the next 20 years. Should it happen like that? "H&LL NO!!" |
"May your percentages ever increase!" |
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PointOmega
Penny Sorter Member
50 Posts |
Posted - 03/10/2010 : 18:10:19
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| in a TSHTF scenario, you can't trim off a sliver of silver bar or bullion, but you can settle debts with a Rosie dime or a GW quarter. I collect the 90% coins, especially Liberty Franklin and JFK halves. I'm not a numismatic, but I do enjoy collecting and looking at the dates and wondering what was happening in America when citizens were handling a particular coin back in 1937. Was this the half dollar that helped some poor family during the Great Depression? I know that sounds like I have a split personality, but I like hoarding silver that has some history to it. Why can't hedging against hyper-inflation be a little fun and nostalgic? |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 03/10/2010 : 18:27:07
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quote:
Originally posted by wolvesdad
And if the point hasn't been made....
Don't expect to 'flip' silver for a big profit in the near future.
+1. It's usually a very bad idea in most circumstances to try to make a profit by selling physical silver, not to mention the fact that unlike paper (FRNs, ETFs, stocks, etc.), silver's value never goes to zero. If you sell your silver and your paper then becomes worthless, there's nothing you can do to regain that value. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
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---------------
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 03/10/2010 : 19:09:15
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You can make a profit in physical silver if you sell it for more than what you paid for it including any taxes due. People do it all the time. I have done it too. Physical gold and silver may never go to zero, but you can still lose money on it if you are forced to sell at the wrong time. Even if silver's 1980 value of $50 had held to this day you would have lost buying power with it due to inflation's effect on $50's buying power over 30 years. No investment, including silver, is 100% fool proof or secure.
I'm not trying to be down on silver or to promote it. New investors need to consider a multitude of factors when considering it as an investment. |
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Assuming the Price of Silver Skyrockets...
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